EqaulLevel offers “procure-to-pay” automation for public-sector clients. As one definition put it, that involves using “a comprehensive suite of tools that automate and streamline the entire procurement process, from requisitioning goods and services to paying suppliers.”
Terms of the deal were not disclosed.
Euna, once known as GTY Technology, focuses on such areas as grants, payments, budgeting and procurement.
“Adding EqualLevel, especially its marketplace solution, to our already extensive procurement offerings provides the 3,000 agencies we serve an opportunity to leverage more capability to create meaningful, positive change within their communities,” said Euna CEO Tom Amburgey in a statement.
EqualLevel’s platform, according to that statement, uses artificial intelligence to make sure legal and compliance requirements are met. The platform offers such features as “invoice automation, real-time search, supplement funds management and a cooperative supplier network.”
Euna’s own procurement product includes more than 700,000 suppliers and 2,000 agencies, according to the statement. In 2023, Euna Procurement managed almost $30 billion in North American procurements.
Euna said it will integrate the EqualLevel team into the Euna organization; that includes CEO Orville Bailey and CTO Edward Potocko, co-founders of the nearly 15-year-old company based in Maryland.
This new deal comes just more than a year after Euna — then called GTY — said it had bought Ion Wave, a company that sold both procurement technology and tools to help schools manage special education.
